KRS 355.7-207: Goods must be kept separate -- Fungible goods.

(1) Unless the warehouse receipt provides otherwise, a warehouse shall keep separate

the goods covered by each receipt so as to permit at all times identification and

delivery of those goods. However, different lots of fungible goods may be

commingled.

(2) If different lots of fungible goods are commingled, the goods are owned in common

by the persons entitled thereto and the warehouse is severally liable to each owner

for that owner's share. If, because of overissue, a mass of fungible goods is

insufficient to meet all the receipts the warehouse has issued against it, the persons

entitled include all holders to which overissued receipts have been duly negotiated.